NayaPay raises $13 million in one of the largest seed rounds in South Asia

NayaPay raises $13 million in one of the largest seed rounds in South Asia

NayaPay, a Pakistan-based fintech platform, has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, global fund manager MSA Novo and early-stage VC Graph Ventures from Silicon Valley.

READ ALSO: PAKISTANI STARTUPS RAISED $375 M IN 2021, FIVE TIMES HIGHER THAN 2020

NayaPay is the first fintech of its kind in Pakistan having recently secured the first E-Money Institution license from the central bank, State Bank of Pakistan. It is on a mission to make financial services simpler and accessible to millions of Pakistani users. NayaPay aims to be at the forefront in the digitisation of Pakistan with its two-sided platform for the underbanked.

Source: Express Tribune

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